Invesco Van Kampen Senior Income Trust Announces $125 Million Placement of Private Offering of Variable Rate Term Preferred Shares and Redemptions of Auction Rate Cumulative Preferred Shares at Par
ATLANTA, Oct. 26, 2012 /PRNewswire/ -- Invesco Advisers, Inc. ("Invesco") announced today that Invesco Van Kampen Senior Income Trust (NYSE: VVR) (the "Trust") has successfully priced and placed a private offering of Variable Rate Term Preferred Shares ("VRTP") in the amount of $125 million pursuant to an offering exempt from registration under the Securities Act of 1933.
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The Trust plans to redeem all of its outstanding auction rate cumulative preferred shares ("ARPS") at their respective liquidation preferences (sometimes referred to as "at par"), together with accrued and unpaid dividends, if any, to the redemption date. These redemptions are anticipated to be funded with cash and proceeds received from the issuance of VRTP.
The table below lists the total number and par amounts of ARPS to be redeemed per series and the scheduled redemption dates:
| Series |
CUSIP Number |
# of Shares |
Amount |
Redemption Date |
| M |
461-31H-206 |
1,000 |
$25,000,000 |
November 13, 2012 |
| T |
461-31H-305 |
1,000 |
$25,000,000 |
November 14, 2012 |
| W |
461-31H-404 |
1,000 |
$25,000,000 |
November 15, 2012 |
| TH |
461-31H-503 |
1,000 |
$25,000,000 |
November 16, 2012 |
| F |
461-31H-602 |
1,000 |
$25,000,000 |
November 13, 2012 |
Invesco will keep market participants and shareholders informed of any material developments with the Trust via press releases and on Invesco's website at www.invesco.com/portal/site/us/news.
The foregoing is not an offer for sale of any securities nor a solicitation of any proxy.
Investing involves risk and it is possible to lose money on any investment in the Trust.
About Invesco Ltd.
Invesco Ltd. is a leading independent global investment management firm, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our retail, institutional and high net worth clients around the world. Operating in more than 20 countries, the firm is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.
Invesco Advisers, Inc. is an investment adviser; it provides investment advisory services to individual and institutional clients and does not sell securities. Invesco Distributors, Inc. is the U.S. distributor for Invesco Ltd.'s retail mutual funds, exchange-traded funds and institutional money market funds and the subdistributor for its STIC Global Funds. Both Invesco Advisers, Inc. and Invesco Distributors, Inc. are wholly owned, indirect subsidiaries of Invesco Ltd.
Note: There is no assurance that a closed-end fund will achieve its investment objective. Shares are bought on the secondary market and may trade at a discount or premium to NAV. Regular brokerage commissions apply.
SOURCE Invesco
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